Despite disruption from Council public gallery, the modified plans were adopted without suspense. On March 22, 2016, the City Council voted to approve Mayor Bill de Blasio’s Mandatory Inclusionary Housing and Zoning for Quality and Affordability proposals at its stated meeting. The full vote follows extensive modifications by the Council to the original plan. The approved text amendments are significantly different from the earlier versions voted on by the Community Board and City Planning. For … <Read More>
Search Results for: Affordable Housing
City Council Subcommittee Holds Hearing on Mayor’s Mandatory Inclusionary Housing Proposal
Hard-hitting questions from several Council members explored ways affordable housing could be provided at deeper levels of affordability. On February 9, 2016, the City Council Subcommittee on Zoning and Franchises held a public hearing on Mayor Bill de Blasio’s Mandatory Inclusionary Housing proposal. The hearing was held in the City Council Chambers in City Hall to accommodate the capacity audience.
Legislation Proposed For Online List of All Affordable Apartments
Bill would require all landlords of affordable apartments to publicly list their properties through the portal. At the City Council stated meeting on Monday, December 7, 2015 Council Member Ben Kallos introduced Intro 1015, a proposed law that would require property owners that receive tax credits in exchange for building affordable housing units to publicly list those units in an online portal. The bill is co-sponsored by Council Members Jumaane Williams and Rosie … <Read More>
Mandatory Inclusionary Housing Program Sent to Community Boards for Public Review
The program would be the strongest inclusionary housing requirement in the nation. On September 18, 2015, the City Planning Commission initiated public review of the Department of City Planning’s application for the Mandatory Inclusionary Housing program, which is one of the major programs to be implemented under Mayor Bill de Blasio’s Housing New York plan. The Mandatory Inclusionary Housing program would require, rather than incentivize, residential developers to reserve a portion of newly-created housing units … <Read More>
Center for NYC Neighborhoods Hosts Panel on Affordable Homeownership
The keynote panel focused on the issues and challenges raised by affordable housing creation and preservation in New York City. On September 30, 2015, the Center for NYC Neighborhoods held its conference on the Future of Affordable Homeownership in NYC. The event was hosted at New York Law School and sponsored by NYLS, JPMorgan Chase, Goldman Sachs, the Center for Real Estate Studies, the Center for New York City Law, and several other … <Read More>
Rent Stabilization: Preserving Low and Middle-Income Housing
Rent regulation is not a new issue for New York City. But the headlines in June 2015 were far larger and the reactions more contentious than at any time in recent memory. For the first time in its 46-year history, the Rent Guidelines Board decided that there would be no increase in rents for one-year renewals on rent-stabilized apartments; it also limited increases on two year renewals to two-percent. Not surprisingly, tenants hailed the decision … <Read More>